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Daily Archives: May 8, 2009

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Is Google Really Worth $600? (GOOG)

Posted: May 8, 2009 at 2:11 pm

You know the market sentiment and the bull/bear tone has changed when you see research targets get this high.  Google Inc. (NASDAQ: GOOG) is trading up over 3% today on ...
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Economics of U.S. Postage Stamp Price Hikes (FDX, UPS)

Posted: May 8, 2009 at 1:36 pm

Both FedEx Corporation (NYSE: FDX) and United Parcel Service, Inc. (NYSE: UPS) are likely watching government competition for next week.  Starting on Monday, the price of most traditional mail will ...
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Baker Hughes Files New $2 Billion Shelf Registration (BHI)

Posted: May 8, 2009 at 11:18 am

Baker Hughes Inc. (NYSE: BHI) has just filed a new shelf registration statement with the SEC  to sell up to $2 billion in mixed securities.  As with most shelf registrations, ...
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Williams, Other Services Companies in Venezuela’s Sights (WMB, HAL, SLB, BJS, BHI)

Posted: May 8, 2009 at 9:55 am

The Venezuelan government passed a law permitting the nationalization of oil field services companies, compensating companies for expropriating assets by issuing bonds instead of paying with cash. The law could ...
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Car Sick

Posted: May 8, 2009 at 9:21 am

Cash-for-clunkers deals will boost sales. And mindless manufacturing. By Matthew DeBord of The Big Money After some legislative back-and-forth, it looks as if America will finally get a "cash for ...
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Dendreon Takes In More Than $200 Million in New Cash (DNDN)

Posted: May 8, 2009 at 8:32 am

Dendreon Corporation (NASDAQ: DNDN) is selling stock to raise cash.  The company has announced a spot secondary offering of 10.7 million shares in a public secondary offering of common stock.  ...
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E*TRADE Raising $150 Million in Capital (ETFC)

Posted: May 8, 2009 at 8:08 am

E*TRADE Financial Corporation (NASDAQ: ETFC) has just filed with the SEC to sell up to $150 million worth of common stock.  J.P.Morgan was listed as the distribution agent, and shares ...
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Is Energy Conversion Devices Finally a Buy? (ENER, FSLR, TAN)

Posted: May 8, 2009 at 7:53 am

The solar power business has had its ups and downs, with the downs prevailing lately.  Even meeting the modest EPS expectation of $0.09 for the current quarter might be challenging ...
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When 8.9% Unemployment Starts Sounding Good

Posted: May 8, 2009 at 7:32 am

The Labor Department has posted the unemployment rate and nonfarm payrolls data from April.  The official government unemployment rate was 8.9%, up from 8.5% in March.  The change in nonfarm ...
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More Green Sprouts Grow In Hamburger: McDonald’s Sales

Posted: May 8, 2009 at 7:20 am

McDonald's (MCD) added to the list of pleasant surprises from April economic activity. The world's largest fast food company's global comparable sales rose 6.9% in April, marking the 72nd consecutive ...
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Growing Natural Gas Fuel Station Footprint (CLNE, EXH)

Posted: May 8, 2009 at 7:05 am

Clean Energy Fuels Corp. (Nasdaq: CLNE) is adding more natural gas fueling stations.  The Pickens-backed business is acquiring the natural gas fueling station business of Exterran Holdings, Inc. (NYSE: EXH), ...
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Top Analyst Downgrades (EGLE, IHG, NE, PHG)

Posted: May 8, 2009 at 6:04 am

These are the top pre-market analyst downgrades we have seen early this Friday morning with more than two and a half hours until the open: Eagle Bulk Shipping, Inc. (EGLE) ...
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Top Analyst Upgrades (COST, DEO, ESC, HD, LOW, TGT, VRSN, WMT)

Posted: May 8, 2009 at 6:01 am

These are some of the top pre-market analyst upgrades we have seen with about two and a half hours until the market opens this Friday morning: Costco Wholesale Corp. (COST) ...
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Asia Markets And Europe Open 5/8/2009

Posted: May 8, 2009 at 5:25 am

Markets in Asia were modestly higher. The Nikkei rose .5% to 9,433. The Hang Seng was up .7% to 17,345. The Shanghai Composite rose 1.1% to 2,626. At the open ...
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The View From China: World Economy Will Get Worse

Posted: May 8, 2009 at 5:10 am

Chinese leaders reckon that their economy is getting better, but the world's is getting worse and will do so for some time. Their optimism about their own country is based ...
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